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THE US dollar depreciated by 0.49% to 97.60 due to resurgent coronavirus infections in the US, and the prospect of improving growth abroad, souring investors’ appeal on the dollar.
KUALA LUMPUR: Foreign funds remained as net sellers for the 20th week running although at a slower pace, according to MIDF Research.
Bank Negara’s Monetary Policy Committee (MPC) is scheduled to meet for a fourth time this year tomorrow to review the overnight policy rate (OPR).
INDUSTRIAL property transactions were down year-on-year in both value and volume in the first quarter of 2020, as sentiment weakened amid significant supply chain disruption caused by the Covid-19 pandemic.
BENGALURU: India's crippled services industry, the lifeblood of economic growth and jobs, contracted sharply in June as an extended lockdown imposed to stop the spread of the coronavirus stalled business activity, a private sector survey showed.
TOKYO/NEW YORK: Asian shares rallied to a four-month high on Friday on robust U.S. payrolls data and a brisk pickup in Chinese service sector activity but a surge in coronavirus cases in the United States kept a lid on further risk-taking.
TOKYO: Japan's services sector extended activity declines for a fifth straight month in June, although the pace of contraction slowed significantly after a nationwide state of emergency was lifted, easing disruptions to businesses.
PETALING JAYA: Fresh hopes of Covid-19 vaccine, Malaysia’s first factory activity expansion in 21 months and positive sentiment across the regional market boosted optimism in the local stock market, lifting the bellwether index for the fourth consecutive trading day.